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<br /> CM0000899 <br />Mr. Glen Porzak h? <br />.. ' .: Eagle Park Reservoir Project <br /> February 24, 1997 <br /> <br /> 4. The applicants will have in their possession and will maintain ownership of sufficient 0 w <br /> <br />water rights to provide a firm yield of no less than 1 <br />500 acre-feet. to <br />. .? <br /> , ,. <br />m? <br /> <br />5. The loan will be secured by all shares of stock in the Eagle Park Reservoir Company Nm= <br /> with the exception of those shares representing the first 500 acre-feet of firm yield <br />^j owned by Vail Associates. <br /> <br />L{ 6. The staff of the Colorado Water Conservation Board will have the opportunity to <br /> review and comment on the purchase agreement between the Eagle Park Reservoir o <br /> Company and Cyprus Climax Metals Company prior to the time that agreement is z <br /> consummated. <br /> C9 01? <br /> Please coordinate with Bill Green and Jan Illian of my staff on completion of the <br />t foregoing list of loan conditions. Jan will draft the loan contract and will work with you x <br /> in the contract approval process which may take up to three months. <br /> o <br /> On behalf of the Board and the staff, I would like to thank you for applying for a loan K <br /> from the Colorado Water Conservation Board Construction Fund. <br /> ? <br />i. Sincerely, <br />William P. Stanton, P.E. <br />Chief, Project Planning and Construction Section <br />Colorado Water Conservation Board <br />cc: Chuck Lile <br />Bill Green <br />Jan Illian <br />Linda Bassi, AGO <br />Dennis Gelvin, Upper Eagle Regional Water Authority <br />David Hallford, CRWCD <br />Rick MacCutcheon, Upper Eagle Regional Water Authority <br />Rick Sackbauer, Eagle River Water & San. Dist. <br />Paul Testwuide, Vail Assoc. <br />Jeff Houpt, Eagle County <br />1111111111111111111111111111111111111111111111111111111 <br />US= 08/17/1998 03:10P 23 Sara Fisher <br />20 of 112 R 561,00 D 0.00 N 0.00 Eagle CO